Luminar Technologies Awards Executive Retention Bonuses with Clawback Provisions

Reuters12-08 22:01

Luminar Technologies Awards Executive Retention Bonuses with Clawback Provisions

Luminar Technologies Inc. has entered into executive retention agreements with key executives, including Mr. Ricci and Mr. Beaudoin, who received lump sum retention cash bonuses of $850,000 and $400,000, respectively. These bonuses are subject to clawback if the executives resign without Good Reason or are terminated for Cause before the awards become fully vested. The retention awards will become fully vested and not subject to clawback upon the earliest of December 2, 2026, the consummation of a sale, recapitalization, or restructuring of substantially all company assets or equity/debt, or a Qualified Termination, provided the executive executes and does not revoke a release of claims. Additionally, the executives have agreed to waive any further claims to 2024 and 2025 annual bonus awards and any transaction or change in control bonuses.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Luminar Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-044719), on December 08, 2025, and is solely responsible for the information contained therein.

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ID: 0001140361-25-044719), on December 08, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4562","symbol_name":"SPAC上市公司","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251208:nNDLbPFTY9:1","article_id":"2589935698","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2589935698","pubTimestamp":1765202502,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Luminar Technologies Inc. has entered into executive retention agreements with key executives, including Mr. Ricci and Mr. Beaudoin, who received lump sum retention cash bonuses of $850,000 and $400,000, respectively. 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